On Friday, the Bureau of Labor Statistics (BLS) released the newest job numbers, which show steady growth, despite the coronavirus and Boeing Co. halting production temporarily tanking markets due to the global ramifications of the crisis. 225,000 jobs were created, with a 3.6% unemployment rate
In January, BLS released December’s statistics showing 145,000 new jobs in the United States, with a record 3.5% unemployment rate.
The January jobs report beats expectations, with wages increasing 3.1% from a year earlier, higher than December’s jobs report.
“Forecasters had expected job gains of about 160,000. Analysts at Goldman Sachs estimated a more robust grown with payrolls increasing by 190,000, citing that an unseasonably dry January helped weather-sensitive employers hire more workers,” reports the Washington Examiner.
The Trump campaign tweeted about the successful economic numbers.